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A $ 1 , 0 0 0 face value bond currently has a yield to maturity of 8 . 2 2 percent. The bond matures

A $1,000 face value bond currently has a yield to maturity of 8.22 percent. The bond matures in five years and pays interest semiannually. The coupon rate is7.5 percent. What is the current fair value of this bond?
A. $970.96
B. $948.01
C. $989.60
D. $1,010.13

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